interesting news, not sure exactly what to make of it just yet but interesting nonetheless
back to the previous discussion on share structure
ibox as of sept 8 shows some
1,239,260,000 in the os now
if we assume the two pr's below are reducing the OS directly; --------------------- Oct 29th, 2009
"141 Capital’s Board Authorizes Contribution of Shares from Principals 141 Capital announced today that at a Special Meeting, the Board of Directors authorized the acceptance of contributions of up to 620,000,000 shares of 141 common stock from Errol Stone, CEO and Paul Strickland, a director of 141 Capital. Any shares contributed will be returned to 141's treasury." http://ih.advfn.com/p.php?pid=nmona&cb=1260292579&article=40114545&symbol=NO%5EONCP ----------------------- "11/12/2009 141 Capital’s Principals Return Shares" "141 Capital announced today that its CEO, Errol Stone, and Paul D. Strickland, Jr., a director, have collectively contributed 310,000,000 shares of 141 Capital stock to the Company. The shares will be returned to 141’s treasury.
Errol Stone, CEO stated: “We are pleased to make this contribution of 310,000,000 shares. It represents tangible value to our shareholders as it substantially reduces the issued and outstanding shares of the Company’s common stock.” ------------------------
While some prior announcements talked about preferred stock being returned, these two do not, so...are we to assume these fellas returned some 930 million of 1,239,260,000 shares I/O, leaving an oustanding shares total of:
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